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Scotia Momentum® No-Fee VISA* card

Scotia Momentum® No-Fee VISA* card

Special introductory 7.99% interest rate on purchases for the first 6 months*

Our Rating:
Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Good: -- I've had a credit card, or loan for 6+ years. I've had good credit for the last 7 years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). I haven't opened a new credit card account, loan, or line of credit in the last nine months. I've made the minimum payments on my existing credit cards for the past three months. Rewards Are all rewards created equal? -- From points, to miles, to cash back - how do you know how much you're really getting? To help you find the best rewards card, we've created the Your Reward Return, a rate that lets you know the rate of return from your spending into rewards so that you can compare like for like. Now that's wise thinking!
$0.00 19.99% 7.99% *22.99% after 6 months 22.99% Good 1.00% *maximum
  • Card Details Details
  • Our Review Review

Card Details


  • Special introductory 7.99% interest rate on purchases for the first 6 months. For new accounts opened by October 31, 2017.*

  • Cash back on everyday spending with no annual fee

  • 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments

  • 0.5% cash back on all other eligible everyday purchases

  • Rates, fees and other information are effective as of March 1, 2017. Subject to change.

Features and Benefits

  • Avis Rental Car Discount

RateSupermarket.ca's Review

The Scotia Momentum® No-Fee VISA card is a solid no-fee option for cardholders. Cardholders earn 1% cash back on all eligible gas station, grocery store, drug store purchases and recurring payments, and 0.5% cash back on all other eligible purchases. Based on the average Canadian's monthly credit card spending, you'd stand to earn about $112 in cash back savings annually.

 

Compared to the fee versions of the Momentum card, this amount is low, but with no annual fee and a chance to save on interest, this card is a great option for those who may not qualify for the Infinite version.

Top Features About Scotia Momentum® No-Fee VISA card

  • No annual fee
  • Earn cash back on everything you buy - 1% cash back on eligible gas, grocery and drug store purchases and recurring payments; 0.5% cash back on all other eligible purchases
  • Minimum credit limit of only $500, so you can control your spending if need be
  • 20% discount at participating AVIS car rental locations worldwide

Pros

  • No annual fee
  • Cash back savings
  • 20% discount at participating AVIS car rental locations worldwide

Cons

  • Low cash back rate compared to other cash back options

Rate and product information are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details.

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